Brokerages forecast Atlantic Union Bankshares Co. (NASDAQ: AUB) to post earnings per share of $ 0.68
Stock analysts expect Atlantic Union Bankshares Co. (NASDAQ: AUB) to report earnings of $ 0.68 per share for the current fiscal quarter, Zacks investment research reports. Two analysts provided earnings estimates for Atlantic Union Bankshares, with the highest EPS estimate being $ 0.73 and the lower estimate being $ 0.60. Atlantic Union Bankshares reported earnings of $ 0.93 per share in the same quarter last year, suggesting a negative year-over-year growth rate of 26.9%. The company is expected to publish its next results before the market opens on Tuesday, January 25.
According to Zacks, analysts predict that Atlantic Union Bankshares will report annual earnings of $ 3.39 per share for the current year, with EPS estimates ranging from $ 3.26 to $ 3.53. For the next fiscal year, analysts predict the company will post earnings of $ 2.72 per share, with EPS estimates ranging from $ 2.50 to $ 2.96. Zacks Investment Research’s EPS calculations are an average based on a survey of analysts who cover Atlantic Union Bankshares.
Atlantic Union Bankshares (NASDAQ: AUB) last released its quarterly results on Sunday, October 24. The company reported earnings per share (EPS) of $ 0.94 for the quarter, beating consensus analysts’ estimates of $ 0.74 by $ 0.20. The company posted revenue of $ 170.59 million for the quarter, compared to a consensus estimate of $ 163.54 million. Atlantic Union Bankshares had a net margin of 37.83% and a return on equity of 11.19%. During the same period of the previous year, the company earned $ 0.74 per share.
AUB has been the subject of several research analyst reports. Piper Sandler upgraded Atlantic Union Bankshares shares from “neutral” to “overweight” and raised her target price for the company from $ 41.00 to $ 42.00 in a report released on Thursday 16 December. Zacks investment research downgraded Atlantic Union Bankshares shares from a âbuyâ rating to a âcustodyâ rating in a research note on Monday, October 4.
The NASDAQ AUB traded up $ 0.07 on Friday, reaching $ 41.19. 280,125 shares were traded, for an average volume of 331,060. The company has a quick ratio of 0.84, a current ratio of 0.85 and a debt ratio of 0.11. Atlantic Union Bankshares has a 32.26 out of 52 week low and a 42.45 out of 52 week high. The company has a market cap of $ 3.12 billion, a PE ratio of 12.19 and a beta of 1. ,30. The company has a 50-day moving average price of $ 36.35 and a 200-day moving average price of $ 36.33.
The company also recently disclosed a quarterly dividend, which was paid on Friday, November 26. Investors registered on Friday, November 12 received a dividend of $ 0.28. The ex-dividend date of this dividend was Wednesday, November 10. This represents a dividend of $ 1.12 on an annualized basis and a return of 2.72%. Atlantic Union Bankshares’ payout ratio is 33.14%.
In other news from Atlantic Union Bankshares, director Frederick Blair Wimbush acquired 1,500 shares in a trade that took place on Monday, December 20. The shares were purchased at an average cost of $ 35.82 per share, for a total value of $ 53,730.00. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.14% of the shares are currently held by company insiders.
Institutional investors have recently increased or reduced their stakes in the company. Advisor Group Holdings Inc. increased its holdings of Atlantic Union Bankshares shares by 16.9% in the second quarter. Advisor Group Holdings Inc. now owns 30,842 shares of the company valued at $ 1,117,000 after acquiring an additional 4,450 shares during the period. Envestnet Asset Management Inc. increased its holdings of Atlantic Union Bankshares shares by 23.5% during the 2nd quarter. Envestnet Asset Management Inc. now owns 147,057 shares of the company valued at $ 5,326,000 after acquiring an additional 27,960 shares during the period. Teacher Retirement System of Texas increased its holdings of Atlantic Union Bankshares shares by 17.4% in the second quarter. Teacher Retirement System of Texas now owns 10,376 shares of the company valued at $ 376,000 after acquiring 1,541 additional shares during the period. US Bancorp DE increased its stake in Atlantic Union Bankshares shares by 7.2% in the second quarter. US Bancorp DE now owns 12,536 shares of the company valued at $ 455,000 after acquiring 846 additional shares during the period. Finally, American Century Companies Inc. purchased a new position in Atlantic Union Bankshares shares during the second quarter valued at approximately $ 200,000. 69.59% of the shares are currently held by institutional investors.
Atlantic Union Bankshares Company Profile
Atlantic Union Bankshares Corp. is a bank holding company providing financial services. She specializes in providing community banking services. Its services include audits, savings, loans, credit cards, online and mobile banking, cash management, corporate eBanking and wealth management.
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